SIR Royalty Income Fund (TSE:SRV.UN) Stock Crosses Above 50 Day Moving Average – Here’s What Happened

SIR Royalty Income Fund (TSE:SRV.UN)’s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$15.59 and traded as high as C$15.68. SIR Royalty Income Fund shares last traded at C$15.45, with a volume of 11,160 shares trading hands.

SIR Royalty Income Fund Trading Down 1.5%

The company has a market cap of C$129.41 million, a P/E ratio of 14.71 and a beta of 0.03. The business’s 50 day simple moving average is C$15.59 and its 200 day simple moving average is C$15.21.

SIR Royalty Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 29th were paid a $0.105 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%. SIR Royalty Income Fund’s dividend payout ratio is 114.29%.

About SIR Royalty Income Fund

SIR Royalty Income Fund (The fund) holds an investment in SIR (Service Inspired Restaurant) Corp. The company is a privately held corporation that owns and operates a diverse portfolio of restaurants in Canada. It has concept restaurant brands, including Jack Astor’s Bar and Grill and Canyon Creek Chop House, Scaddabush/Alice Fazooli’s and signature restaurant brands. The fund receives distribution income from its investment in the Partnership and interest income from the SIR Loan. It generates revenue through the license and royalty agreement from its investments in partnership.